The National Debt Affects Our Ability to Address Key Priorities
Americans want to live in a nation with widespread opportunity, a positive leadership role in the world, and a bright economic future for generations to come.
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Americans want to live in a nation with widespread opportunity, a positive leadership role in the world, and a bright economic future for generations to come.
Federal debt is already at its highest level as a percentage of GDP since 1950 and would exceed its all-time high by 2034 under current law.
https://www.pgpf.org/analysis/2018/07/cbo-warns-historic-debt-levels-threaten-economy
The Trustees warn that Congress and the Administration should work "with a sense of urgency" to put the program on a sustainable path.
https://www.pgpf.org/analysis/the-medicare-trustees-report-in-charts
Americans draw clear connections between our nation’s fiscal health and economic strength.
https://www.pgpf.org/infographic/infographic-fiscal-health-leads-to-economic-strength
2013 Fall Fiscal Agenda: A Critical Time for Action; 4 upcoming milestones
The reports provide both the short-and long-term financial outlooks for the trust funds.
The combined Old Age and Survivors’ Insurance and Disability Insurance Trust Funds, commonly referred to as the “Social Security Trust Funds,” will be fully depleted by 2033.
https://www.pgpf.org/analysis/social-security-faces-major-financial-challenges
Upon taking office, Governor Daniels laid out a two-year budget proposal that sought to close the state’s deficit by tackling spending and bolstering state revenues.
https://www.pgpf.org/pgpf-programs-and-projects/mitch-daniels-governor-of-indiana
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For more information about America’s fiscal challenge and potential solutions, visit the Peter G. Peterson Foundation at www.pgpf.org. The following websites also provide a wealth of information on the U.S. budget and various policy areas.
https://www.pgpf.org/budget-basics/state-of-the-unions-finances/learn-more
Peterson Foundation Chairman Pete Peterson spoke at the Committee for Economic Development’s Distinguished Performance Awards Dinner about the importance of long-term fiscal sustainability and its impact on the nation’s economy and future generations.